Livestock Grow Lights Market Analysis Report By Type, By Livestock, By Installation Type, By Color Type, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global livestock growth lights market size was accounted for USD 6.7 billion in 2018. It is estimated to grow at the CAGR of 6.8% over the forecasted period, from 2019 to 2025. Growing demand for animal-based products from poultry farms and others is expected to surge the market growth. In addition, livestock production is projected to spur in the coming few years owing to rising domestic animals. Moreover, smart farming in countries such as Germany, Uruguay, and the U.K. for livestock management is anticipated to surge the market growth.

In addition, the growing livestock population across advanced economies the U.K., Germany, China, and the U.S. is projected to surge the demand for grow lights. The manufacturers in the market are engaging in strategic partnerships and joint ventures to expand their business. This trend is also expected to support market growth.

Grow light technology helps to improve the animal’s health by imitating natural daylight. In addition, fluorescent lighting, LED lighting and other artificial lighting helps to enhance the animals' productivity. However, less awareness about smart farming may restrain the market growth.

The U.K. dominated the market in 2018; this high revenue share can be attributed to the increasing adoption of factory farming including cattle, swine, and poultry. In the Asia Pacific, India and China are anticipated to contribute a significant share in the next few years. The growing adoption of smart technological solutions is expected to boost the demand for grow lights for livestock.

Type Insights

The livestock grows light market is divided into incandescent, LED, HID, and fluorescent lights depending on the type of light. In 2018, fluorescent light led the market with the highest share of over 35.0% in the overall market. Fluorescent lights are high energy efficient than incandescent bulbs. These lights are highly durable and offer better quality performance. 

The LED lights segment is anticipated to grow at the fastest CAGR from 2019 to 2025. LED lights provide extended durability and high energy efficiency which is projected to support segmental growth. Moreover, LED lights offer various energy spectrums as per the animal requirement. Optimum radiation of lights helps to better the wellbeing of animals in the farming process.

Livestock Insights

Livestock is comprised of poultry, swine, cattle, and others. In 2018, the cattle segment attributed to a market share of over 60.0% in the overall market. In dairy farming, grow lights help in enhancing milk production from cattle. It also helps in improving the muscle growth of beef cattle. In the U.S., cattle production, in 2018 accounted for over USD 50.0 billion. Additionally, increasing demand for milk, butter, yogurt, and cheese is projected to spur the demand for grow lights.

The poultry livestock segment is anticipated to propel at a significant CAGR from 2019 to 2025. The aggressiveness of chicken and turkey is lower when present in low lights, which make chickens less active and help in gaining weight. Furthermore, the chicken’s feather shows high reflection in the presence of grow lights. Better feather reflection allows taking care of the hen's health.  These key factors are projected to support the increasing demand for chicken, which is expected to proliferate the market growth.

Installation Type Insights

In 2018, the retrofit segment led the livestock to grow lights market with the highest share in the overall market. It is projected to grow at a CAGR of 5.6% during the forecasted period. Retrofit type of installation is made with different bedding sources, sawdust, Syracuse fiber, and sand that offer better flexibility.

The new installation type segment is projected to grow at a CAGR of around 8.6% over the forecasted period. In this type, the complete fixture is changed from lamps and ballasts. The ballast provides adequate voltage for starting the lamp. Moreover, increasing demand for animal-based products is expected to surge the demand for these types of installation for farming.

Light Color Type Insights

Color type segments include green, white, blue, and red color in lighting. In 2018, the blue segment led the market and is expected to continue its dominance in the coming few years. This segment contributed to a market share of over 35.0% in the overall market. Blue light in the daytime period helps to improve health and livestock productivity. For example, a dairy cow produces large milk, while beef cattle grow at a faster rate.

The white color is projected to grow at the fastest CAGR over the forecasted period. White color help to maintain temperature level at natural daytime period. White color is offered in visible spectrum wavelengths. In Poultry farming, the two popular colors used for lighting are 4100K, and 6065K light. These lights generate shorter wavelengths with high power emissions. 6065K light is highly preferred for modern chicken ancestors.

Regional Insights

In 2018, Europe attributed to a market share of over 30.0% in the overall market. The increasing adoption of smart farming technologies with grow lights is mainly supporting the market growth. Moreover, the growing demand for beef, dairy products, and meat is driving the need for grow lights.

Asia Pacific is projected to propel at the fastest CAGR during the forecasted period. This growth is primarily attributed to the increasing livestock population across the region. Furthermore, rising income levels and a growing number of livestock farms are boosting the market growth. There is high demand for eggs and meat products in the market.

Impact of COVID-19

The coronavirus crisis has imposed challenging situations for lighting industry participants. Production of livestock grows lights have been shut down, and difficulties in obtaining raw materials have a significant impact on the growth of this market. The prices of LEDs are expected to increase due to a shortage of raw materials including electronic components. However, the long-term prospect for the market is projected to remain positive.

According to Lighting Industry Association (LIA), lighting manufacturing companies are working at an average capacity of approximately 45.0% owing to lockdown measures. In addition, the shortage of shipping capacity and a slowdown in manufacturing activities in China is mainly affecting the market. Eco-friendly or organic lighting products that support the environmental changes are expected to gain momentum during the forecast period.

Livestock Grow Lights Market Share Insights

Leading players in the market include OSRAM GmbH; Signify Holding (U.K.); Big Dutchman (Germany); DeLaval Inc. (Sweden); HATO BV (Netherlands); CBM Lighting; Once Inc. (U.S.)and Fienhage Poultry-Solutions GmbH. 

Manufacturers are focusing on expanding their reach across the globe through strategic activities such as acquisitions and partnerships. For example, in 2019, Signify Holding has acquired ilox GmbH, and Once, Inc. Similarly, Meltron AB has acquired Unilghtled.com in 2019.

Report Scope 

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global livestock grow lights market report on the basis of type, livestock, installation type, light color type, and region:

• Type Outlook (Revenue, USD Billion, 2014 - 2025)
    • Fluorescent
    • LED
    • Incandescent
    • High-Intensity Discharge

• Livestock Outlook (Revenue, USD Billion, 2014 - 2025)
    • Cattle
    • Poultry
    • Swine
    • Others

• Installation Type Outlook (Revenue, USD Billion, 2014 - 2025)
    • Retrofit
    • New-Installation

• Light Color Type Outlook (Revenue, USD Billion, 2014 - 2025)
    • Green
    • Red
    • White
    • Blue

• Regional Outlook (Revenue, USD Billion, 2014 - 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • U.K.
        • Germany
        • France
    • the Asia Pacific
        • China
        • Japan
        • India
    • South America
        • Brazil
    • Middle East & Africa (MEA)